Italy won the European Championship for the first time since 1968 as goalkeeper Gianluigi Donnarumma saved two England penalties en route to a 3-2 shoot-out win.
Both sides had fought out a 1-1 extra-time draw at a raucous Wembley on Sunday.
The giant keeper saved from Jadon Sancho and Bukayo Saka after Marcus Rashford hit the post, as Federico Bernardeschi, Leonardo Bonucci and Domenico Berardi all scored for the Italians.
Luke Shaw had given England a dream start with a superb goal after two minutes but Italy, who offered almost nothing in response in the first half, gradually took command as the hosts sat back and leveled through Bonucci after 67 minutes.
It was the first final to be decided on penalties since Czechoslovakia beat West Germany in 1976 and will be wildly celebrated in Italy after they lost in the final in 2000 and 2012.